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AL HB187
Bill
Status
2/11/2016
Primary Sponsor
Nathaniel Ledbetter
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AI Summary
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Increases the maximum bid guarantee amount from $10,000 to $50,000 for public works projects when the Department of Transportation is the awarding authority.
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Applies to bidders on contract projects funded by the State Department of Transportation or county highway, road, street, or bridge projects using county-allocated funds.
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Bid guarantees may be submitted as either a certified check or bid bond in an amount not less than five percent of the contractor's bid.
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Amends Code of Alabama Sections 23-1-2 and 39-2-4 to implement the increased guarantee requirement.
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Takes effect immediately upon passage and approval by the Governor.
Legislative Description
Competitive bids, public works Transportation Department and other agencies, increase the bid guarantee if Dept. of Transportation is awarding authority, Secs. 23-1-2, 39-2-4 am'd.
Competitive Bids
Last Action
Ledbetter motion to Substitute SB175 FOR HB187 adopted Voice Vote
4/27/2016